Commercial developer Donald Manekin wanted to see how commercial real estate could have a social return as well as an economic return. To get there, he set about redeveloping long-vacant, functionally obsolescent historical structures into “vibrant facilities that would benefit end-users and the communities that surround them”.
In his recent presentation to NAR’s Workforce Housing Forum, Donald went into deep detail on his Miller’s Court development, where the urban community of Baltimore faced the problem of recruiting teachers for its schools, but had little in the way of smart, sustainable multifamily development that would attract the educated tenants needed to fill those roles and ultimately become Baltimore homeowners and property taxpayers. Using an 1877-built tin can factory structure darkened from 1992 to 2007.
Manekin’s presentation slides, including deep detail on the financing of the Miller’s Court project, is now available at NAR’s Workforce Housing site. You can browse the slides while you follow along with the audio of the presentation – we’ve also posted a live recording of the session, which you can listen to here:[audio:https://www.commercialsearch.com/wp-content/uploads/2012/11/nar-donald-manekin-vbreditedforlength.mp3]